STEEL: How the Gamblers Got In

Cleveland's 67-year-old Cyrus S. Eaton is an
indefatigable financier and promoter with a finger in many pies. His
latest promotion is a $100 million steel mill which, if the Government
will provide $90 million of the money, Eaton will build on a 1,000-acre
site on the Detroit River at Gibraltar, Mich. To run the new company,
Eaton has picked Max J. Zivian president of Detroit Steel Corp., in
which Eaton controls 24% of the stock.

Last week the Kefauver Senate Crime Investigating Committee came to
Detroit to investigate some of Zivian's other stockholders. The
committee was checking on how gangsters...